Brent crude oil futures on the Intercontinental Exchange (ICE) appreciated 0.9 per cent as it closed at $76.6 per barrel. Crude oil futures on the MCX gained 0.6 per cent and it ended the week at ₹6,010 a barrel. MCX-Crude oil (₹6,010)The January futures of crude oil declined to mark an intraweek low of ₹5,709 before recovering to ₹6,010. In case the resistance at ₹6,080 is breached, the crude oil futures will most likely extend the contract to ₹6,300, a hurdle. On the other hand, if crude oil futures falls from the current level, it will retest the support at ₹5,750.

Source: The Hindu December 16, 2023 23:51 UTC